Orogrande Resources Inc. announce gold and copper exploration in Jamaica.

CALGARY, Alberta--(BUSINESS WIRE)--Jan. 6, 1997-- The Bellas Gate concessions were acquired by OroGrande Resources Inc. ("ORG") in 1991 and are comprised of three contiguous exploration licences covering an area of 42.4 square miles. Situated approximately 40 miles northwest of Kingston, our claims protect a large part of the Central Inlier, an area of Cretaceous volcanic and sedimentary rocks, within which the Island's historical copper mining started in the 1850's.

Geologically, the island of Jamaica is part of the tectonically active Greater Antilles Island Arc environment. The large Pueblo Viejo epithermal gold district (historical production of over 600 tonnes of gold) in the Dominican Republic and the recent discoveries in Cuba, all part of this Island Arc, confirm the area's potential.

In 1988, a CIDA-sponsored stream sediment program defined nine priority ONE anomalies for gold and copper in ORG's Bellas Gate concessions and confirmed a close relationship between copper and gold. BHP-Utah, following up on this work, staked on the Main Ridge gold deposit, also a priority ONE anomaly, located about ten miles west of our Bellas Gate concessions. This deposit is going into production under the auspices of Orvana Minerals Corp. and a private group of investors. Although at least 32 copper and gold showings have been identified on the Company's concessions, previous ORG work was concentrated on the Connors and Camel Hill prospects.

Preliminary drill testing of the Camel Hill prospect, a copper- in-soils anomaly within the Southern Alteration Zone ("SAZ") that is a least four times larger than the Connors prospect, encountered the following results:

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DDH        From         To   Core Length        Gold    Copper
            ft.        ft.           ft.      oz/ton         %
-----------------------------------------------------------------
CAM 92-1     40        770          730.       0.006      0.48
including    40        445          415.       0.006      0.63
-----------------------------------------------------------------
CAM 92-2      0        585          585.       0.006      0.46
-----------------------------------------------------------------
CAM 92-3     10        230          220.       0.004      0.36
-----------------------------------------------------------------
CAM 92-5     11        505          494.       0.007      0.43
including   170        290          120.       0.010      0.63
-----------------------------------------------------------------

    Drilling in 1957 found significantly copper mineralization at the
Connors prospect, with one drill hole reporting an intersection of
184 ft.  of 1.51% copper but no gold values were reported.  Despite
these encouraging results, this area was not drilled again until
1991, when Golden Ring Resources, a Vancouver based Company, optioned
the property from Trev Corp.  (now ORG) and drilled a well defined
soil anomaly about 500 ft by 400 ft with copper values greater than
200ppm and gold values greater than 50 ppb.  The more significant
drill results from the Connors deposit area:


DDH        From         To   Core Length        Gold    Copper
            ft.        ft.           ft.      oz/ton         %
-----------------------------------------------------------------
92-1    surface       470.          470.       0.013      0.53
-----------------------------------------------------------------
92-2         45        365          320.       0.011      0.69
including   210        330          120.       0.018      0.86
-----------------------------------------------------------------
92-3         45        365          320.       0.005      0.46
-----------------------------------------------------------------
C-4          70        254          184.          NA      0.91
-----------------------------------------------------------------
CON-4        69        362          293.       0.014      0.69
-----------------------------------------------------------------

Both of these deposits require further drill-testing. The Connors deposit is open at least to the south and west while the Camel Hill deposit is open in all directions.

While the results from both areas are encouraging, it is evident that much more work is required to further develop economic reserves. However, there is every reason to believe that other prospects - when combined with these two areas - a very significant tonnage could be developed. ORG's review of in-house data has identified several other areas on the concession that require further work.

GOLD MINE - MAB HILL AREA

Our review of the available data shows that a belt of epithermal gold-copper deposits (Gold Mine, Charing Cross, Congo Hill, Stamford Hill, Mab Hill, GEO Hill, etc.) occurs immediately to the west of the known Camel Hill deposit. This belt extends northwesterly, is subparallel to the SAZ and is defined by a +3 km long +200ppm copper soil geochemical anomaly. Our Bellas Gate concessions also protects the Stamford Hill mine from which 200,000 tons grading 5% copper were extracted by the Clarendon Consolidated Mining Company from a vein system reported to be 20 feet wide and continuous from surface to at least 480 feet of depth. At Charing Cross, another showing on this newly recognized belt, 24 surface samples taken at ten foot intervals averaged 9.16% copper and 0.22 oz gold/ton over 1.5 feet.

LUCKY VALLEY - SIMON AREA

While this was also defined by the CIDA program as a priority ONE anomaly, follow up work in this area has just begun. In 1994 - 1995, initial prospecting in the Lucky Valley area identified a significant copper anomaly covering an area of about 1,000 ft. by 1,200 ft. Stream sediment sampling gave values of 243 ppm copper while chip samples from this area ranged up to 7.62% copper and averaged 2.44% copper at the Diamond (western) area while very old, unsampled trenches have been noted in the Simon (eastern) area.

OLD WOMAN HILL AREA

The Old Woman Hill area is ranked as the highest of the interpreted target areas based on CIDA's 1988 survey. Initial sampling in 1991 indicated a strong gold anomaly (up to 1690 ppb in heavy mineral concentrates). Nine samples from this area collected in 1994 averaged 3.84% copper and gave gold values up to 0.265 oz/ton. Stream sediments ranged up to 795 ppb.

OTHER TARGETS

Work by BHP-Utah in the Brown's Hall area identified a new intrusive belt to the east of the Connors or Northern Alteration Zone ("NAZ") with associated trace amounts of copper and a strong potassium alteration.

FUTURE PLANS

The Company is presently awaiting results from work carried out at the Gold Mine-Mab Hill and Lucky Valley-Simon areas, where a total of 600 soil and 300 rock samples were collected in November of 1996. Preliminary assay results show several rock samples with high gold values (up to 3,220 ppb's) as well as numerous copper values in the 0.3% to +1.0% range. Results will be published soon after the reports are available. We expect this work to define drillable targets for testing in 1997.

For further information, please contact Guillermo Salazar S., President, at 403-233-2964.

The Alberta Stock exchange has neither approved nor disapproved of the information contained herein.

CONTACT: Guillermo Salazar S., President

403/233-2964